GREATEST VALUE TRADED (June 15, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT281…
News
NEVADA AND THE WESTERN STATES — Prism, Eastfield expand Tonopah
Partners Prism Resources (PRN-V) and Eastfield Resources (ETF-V) have expanded their Tonopah gold property in south-central Nevada.The partners picked up eight patented claims from Echo Bay Mines (ECO…
MINING MARKETS & INVESTMENT NEWS — Anvil Range hammered by metal prices
As a shareholder of Anvil Range Mining, I am wondering if you can tell me what has happened since its bankruptcy protection expired. It was granted a 10-day extension in mid-April 1998, but I have not…
METAL PRICES — Daily Metal Prices (June 15, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 9June 8June 5June 4June 3…
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
Canyon Resources trims debt
Colorado-based Canyon Resources (CAU-X) has unwound a hedge position in order to repay debt from the Briggs gold mine in southeastern California.The company generated US$11 million in cash by repurcha…
Newmont sees gold output rise while production costs and profits fall
Newmont Gold (NGC-N) ranked among the world’s largest and lowest-cost gold producers in 1997, but first-quarter results indicate that the company may surpass last year’s achievements.Newmont Mining (N…
Junior funds work in Colombia
Conquistador Mines (CMG-V) has closed a private placement with Haywood Securities consisting of 2 million units at 75 cents each, for gross proceeds of $1.5 million.Each unit consists of one share and…
MOST ACTIVE ISSUES (June 15, 1998)
ExchgVol(000s)HighLowCloseChangeIntl UraniumT1159…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow regains lost ground
The Dow Jones Industrial average picked up lost ground during the June 3-9 report period, racking up three consecutive days in positive territory, including a 167-point gain on June 5. The average fin…
NEVADA AND THE WESTERN STATES — Diehard Abitibi explorer gets its feet wet in Nevada — Boreal picks up option on property north of Round Mountain
Leaving the swamps and black flies of the Canadian Shield behind, Boreal Exploration (BOR-M) has inked a deal with a private company to take over an advanced gold exploration property in west-central …
NEVADA AND THE WESTERN STATES — Americomm seeks new partner
Tulsa, Okla.-based Americomm Resources (AREC-Q) is attempting to find a new partner for the ongoing exploration of the Jessup gold-silver property in Churchill Cty., in west-central Nevada.The company…